The Price of a Firm's Product Is $6 and the Firm

question 37

Multiple Choice

The price of a firm's product is $6 and the firm faces a constant marginal cost of $4 that is equal to its (constant) average total cost. If the firm does not sell a unit of its product on the day it was produced, it is sold in a secondary market for a price of $3. If the firm does not sell a unit of its product on the day it was produced, there is a ________ of _______per unit not sold.

• A)profit; $1
• B)profit; $2
• C)loss; $2
• D)loss; $1

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Definitions:

Trouble Sleeping

A difficulty in falling or staying asleep, which can affect overall health and quality of life.

B Vitamins

A group of water-soluble vitamins that play important roles in cell metabolism and the formation of red blood cells.

Caffeine

A stimulant compound found in coffee, tea, and various other plants, known for enhancing alertness and reducing feelings of fatigue.

Glasses of Water

Measures of water intake, typically recommended to be several per day for hydration and health benefits.